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it hurts the economy and i think most economists that i respect believe that but throughout my career i v gone to the floor time after time on the appropriations bills and the farm bills that have the important earmarks, the terrible and egregious subsidies which i have opposed all along and i am sure grower has been well aware of that. >>neil: he has in conversations, he has said that but what concerns him is that republicans seem to be running around with the tail between their leg after the election and acquiescing on revenues and letting the democrats stream roll them and he says they will pay in two years. do you feel threatened? >>guest: will, republicans have to be for some things and we need to be for things and for spending cuts. we need to be for entitlement reform. that has to be done if we are ever going to be serious about this debt issue, i don't think we should disrespect grover norquist any more than i believe we should disrespect the heritage foundation or any others. i respect them. we just don't always agree. >>neil: what he is saying, senator, he says that there is muc
that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments quickly caught fire. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed and the economic situation is different. >> i'm not obligated on the pledge. i made tennesseans aware, i was just elected, that the only thing i'm monitoring is the oath that i take when i serve when i'm sworn in this january. >> reporter: gop lawmakers bluntly stating to alert the fiscal cliff, they're ready to break from grover norquist and the pledge he's got most republicans to sign to never raise taxes. norquist waste nod time hitting back on cnn's s"starting point" >> it doesn't pass the laugh test. if you want to go to your voters and say, i promised you this and i'm breaking that problem, you can have that conversation with them. but you don't have an argument with me. you've made a c
at this time, in fact, the president even said a couple of years ago, it harms the economy. we are trying to help the economy. and, so, unless i can be convinced that raising tax rates will be beneficial, then obviously i think there's reason and ground for my position. but, i also believe that we can and must get an agreement, otherwise i think first of all, the markets are going to start reacting. >> chris: we'll talk about that in the next segment, and i think it is a real issue. finally, let's talk about the g.o.p. republicans, i don't have to tell you, had a really rough night on election night. and let's look at the break down of some of the numbers. you lost unmarried women by 36 points, hispanics, by 44 points. young people, by 23 points. does your party need to change, especially, with those groups, on social issues like same sex marriage and immigration reform? >> i think we have to have a bigger tent. no doubt about it. and, obviously we have to do immigration reform. there is no doubt whatsoever that the demographics are not on our side. and, we are going to have to give a muc
to then quickly craft a legislative deal that can stop the damage to the economy that would occur if we went off the cliff and stayed off the cliff. john boehner recognizes that the fiscal cliff is the president's leverage, but boehner believes he has leverage, too. politico reported this morning president barack obama made a demand of how john boehner near the end of their first white house meeting on the fiscal cliff, raised the debt limit before year's end. boehner responded, quote, there is a price for everything. boehner told president obama at the white house that the debt limit increase is quote my leverage. although he added that he's flexible on when it should be done. senator durbin said today that raising the debt ceiling must be part of any deal with republicans. >> i also think that the president isn't going to sign off on any agreement that doesn't include some certainty as to budgets, appropriations, dealing with our debt ceiling. we're not going to find ourselves with some big party celebrating in february and then turn around and march and have another doomsday scenario with the
economy, it would be good for our children's future. and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but -- the place where we already have in theory at least complete agreement, right now, is on middle-class taxes. and as i've said before, we have two choices. if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. starting january 1st, every family in america will see their taxes go up. a typical middle-class family of four, would see its income taxes go up by $2200. that's $2200 out of people's pockets. that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition and middle-class families just can't afford that right now. by the way, businesses can't afford it either. yesterday, i sat down with some small business owners who stressed this point. economists predict that if taxes go up on the mi
and the economy. we agree with that. but if your number one priority is jobs and the economy, you don't grow the economy and create jobs by raising taxes on small businesses, the very people who create those jobs. >> greta: white house press secretary today jay carney when asked when the next meeting with congressional members would be, the answer was, quote, it would come at the appropriate time. >> nobody knows what that means. >> greta: that's my point. look, all of you have had a vacation, campaigning, doing that for the last three months. you've been about this fiscal cliff for a year and a half. now the president is going out to do, as you say, campaigning. the press secretary says there will be a meeting between leaders at the appropriate time. the appropriate time seems like pretty much right now. >> well, it is. what you're seeing by the president and democrats is an attempt to run out the clock. i think they think they gain leverage if the pressure builds toward the end of the year. frankly you're hearing a lot of prominent democrats saying we should go over the fiscal cliff and le
represented their interests. >> we also have a terrible economy. a weak economy is the only reason they're in the game. i'm going to end this conversation because i don't think it's been resolved, erin, and i -- erin, you made a good case for younger people. that's the future of every party. go younger. i agree with that. the problem is they have to decide ideologically can they compete for senate seats in pennsylvania, maybe not massachusetts, but new jersey, connecticut, new england? are they going to give you up a portion of the country and say, we're going to make our votes in the south? it seems to me that's a problem they've got right there. they've given up both coasts, by the way. that's my argument, not yours. robert, thank you for coming in tonight. happy thanksgiving. you should be in cars heading home. erin, you've been doing great this year. great coverage. >>> coming up, republicans aren't the only ones fighting among themselves. some progressives are warning president obama, they don't like this debt reduction deal, they'll let people hear. so it begins. also the republic
the economy and if we do that on january 15th and it is a good deal, i would much prefer that over doing a bad deal on december 15th for face-saving on the january 1 fiscal cliff drop dead date. >> eliot: you're among the group that have been called the cliff jumpers. i don't know how you take that phrase but you've been willing to say let's go over the cliff. it will not be as dangerous and as cataclysmic as people are saying. >> i'm in good company. warren buffett. basically this artificial deadline is not a cliff. it is a slope. the bottom line is we've got to get a good deal. something that is sustainable and durable and not hit the panic button and then try to spin what is a bad deal as a good deal because that won't be sustainable after january 1st. >> eliot: that's not only correct on substance. unless we say that, the other side will stick us up and hold us to the deadline and get us to flinch at the end which unfortunately has been the history of the white house in the last couple of years. your wisdom there, i
the election, his number-1 priority will be jobs and the economy. we agree with that. but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to while you are campaigning the last 3 months. have you known about this fiscal cliff for a year and-a-half. now the president's going out, friday, to do, as you say, campaigning. the press secretary says there will be a meeting between the leaders at the appropriate time. that seems like it's right now. >> it does. to me, what you are seeing with the president and the democrats, is sort of an attempt to run out the clock. i think they think they gain leverage if the pressure builds. you are hearing a lot of prominent democrats saying,
that a couple of years ago -- it harms the economy. we're trying to help the economy. unless i'm convinced raising tax rates will be beneficial, obviously i think there's reason and grounds for my position. i also believe that we can and must get an agreement, otherwise i think first of all the markets are going to start reacting. >> chris: we'll talk about that in the next segment. finally the g.o.p. republicans had a rough night on election night. let's look at the breakdown of the numbers. you lost unmarried women by 36 points. hispanics by 44 points. young people by 23 points. does your party need to change, especially in its outreach to those groups on social issues like same-sex marriage and immigration reform? >> we have to have a bigger tent. no doubt about it. obviously we have to do immigration reform. there's no doubt whatsoever that the demographics are not on our side and we have to give a much more positive agenda. it can't be just being against the democrats and against harry reid and against obama. you have to be for things. we have to give them the contract with america th
a downturn in the economy in january, then the republicans are going to say, see, we told you, even though they created the problem. >> david cay johnson, great to have you with us. that's "the ed show." "the rachel maddow show" starts right now. good evening, rachel. >> good evening, ed. thanks, man. thank you for staying with us for this hour. the acting director of the cia met for more than an hour with senators john mccain and lindsey graham along with the u.n. ambassador susan rice. the three senators emerged from the meeting saying they were honored by the fact that the cia director would meet with them, just three random senators and not in some official capacity testifying before committee on the hill. they appreciated the fact that the administration and the intelligence community was going to such lengths to e swaj their concerns to personally answer their questions about the libya attack in a closed-door meeting with the cia director himself, even though these are just three random senators. the senators said their questions were answered as reasonably could be expected a
the economy if you raise tax rates on the top two rates. it will hurt small businesses, hurt our economy. >> so let's bring in the political panel on this topic for today. erin mcpike back with us and david goodfriend, democratic strategist and contributor. thank you for sticking around. let's bring in the element of tom cole, a republican of oklahoma. doesn't get more red than oklahoma. let's play what he said regarding support and passing the middle class tax cut. >> in my view, we all agree we won't raise taxes on people making less than $250,000. we should take them out of this discussion right now. >> what is the issue with that? >> well, what congressman cole has really shown is that there's an imminent amount of good logic and sense in preserving the current tax rates for 98% of americans for a lot of reasons. one of which is the gdp dependent on consumer spending. 0% of the economy is consumer spending. if you take $2,000 on average out of pockets of consumers, it's going to hurt the economy so right away you have a low tax good economic rational behind it but there are politics
taxes which we think would be harmful to the economy. and if you look at how much revenue that raises, $68 billion next year, that funds a government for less than a week. and it does potential significant harm to the economy and raises taxes on the very people we are asking to go out and create jobs. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the fiscal cliff? >> well, if we do that, wolf, i think what you have to do is also defer the issue of taxes. i think you extend tax rates some time into the foreseeable future whether that's six months or a year and allow us to go through the process where we can deal with entitlement reform and tax reform in regular order.
disaster not only for our country, but the worldwide economy. >> so defaulting on the credit is unacceptable to you? >> i don't think -- i don't think it's a question that's even on the table. >> failing to raise the debt ceiling is not even on the table. that's what john boehner said last january. and yet just a few months later, with that voting record and with that stated understanding of how bad it would be for this country to not raise the debt ceiling, there was john boehner, leader of the congressional republicans, threatening to not raise the debt ceiling. e threatening default after decades of voting to raise the debt ceiling, no questions asked under president bush, under president obama the republicans decided they were not going to do it anymore. right around this time last year, republicans threatened to let the country go into default unless president obama met their demands. they explicitly recognized it would cause harm, but they were happy to do that. they were willing to incur that it harm. to inflict that harm on the country in order to get other stuff that
to see the economy plummet and then say we tried and we have to give in on that. that's an awfully dangerous game to play. >> that's sad. >> dana, we have word that mitt romney is going to the white house tomorrow. oh, to be a fly on the wall over there. what do you expect that meeting to sound like? >> awkward. >> is this for show? because obama basically said that he would or do you really expect this to be a meeting of the minds and actual sort of agenda to come out of it? >> yeah. well, the white house announcement is terrific. it said it's a private meeting in the private dining room and no press. >> right. >> very clear that they won't want anything to come out of it. i suspect it will be one of those photo releases of them strolling down the colonnade or something looking like good friends. >> that's what i thought. >> this is a requirement. they agreed to do it. neither one particularly likes the other. obama, you know, in his press conference said he likes the way mitt romney ran the olympics. perhaps asking him to do something in the sporting field. >> maybe he'll give hi
which means fewer jobs and that can drag our entire economy down. now, the good news is, there's a better option. right now, as we speak, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody's. and that means that 98% of americans and 97% of small businesses wouldn't see their income tacks go up by a single dime. 98% of americans, 97% of small businesses would not see their income tacks go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. so it's not like folks who make more than 250 aren't getting a tax break, too. they are getting a tax break on the first 250 just like everybody else. families and small businesses would, therefore, be able to enjoy some peace of mind heading into christmas and heading into the new year. and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits, to streamline our tax system, to do it in a balanced way, including asking the wealthiest americans to pay a little more so w
to the economy. that's what he did in the primary and that's what he said he was going to do from the beginning. he just executed a plan that didn't work. the very people criticizing him were the people supporting him saying he was going to win. >> we just talked to senator john cornyn, he said he's pessimistic that they will get a deal. >> my view, we all agree that we're not going to raise taxes on people that make less than $250,000, we should take them out of this discussion right now, and continue to fight against any rate increases and continue to work honestly for a better deal. >> that's what the president wants, extend them for everyone under $250,000. i'm curious what you think. do you think that someone like cornyn, someone like boehner is the right leader for the party, or someone more like what cole is saying? >> there is a strategy to putting together a deal and that goes for, in washington, d.c. or, you know, in your private life. and that is you don't give the other side everything they want and then negotiate the rest of the deal. that's sort of a problem. you have things that
of the rings" films boosted the country's economy by $575 million u.s. dollars. they're hoping for that kind of impact again when you see thing s like gollum at the new zealand airport, welcoming visitors. if you fly new zealand instead of a typical safety video, here is what you'll see. >> on the broefing. make sure your belongings are hidden away under the seat before you or in the compartments ahead. >> all travelers must keep a watchful eye on the lighted signs and follow instructions. when the seat belt sign is on, sit yourself down and fasten your seat belt. >> be sure it's low across your hips. >> i would listen to that if they did it that way on american airlines. >> there is a video, carol, that people would actually pay attention to. look at this it's an air new zealand plane freshly painted with the characters from the hobbit that flew over the premiere much to the delight of the crowd. they've really taken ownership of this movie and gotten a little excited about it, like you, carol. >> like me. some people are critical of all the hype, right? >> it's become a bit of a political
to look at things we can do to flatten the code, to grow the economy, why would you tell people they have to pay more, small businesses, individuals, before -- >> make them pay more by getting hatch the deductions. >> it makes it flatter and fairer and supports economic growth and stops picking winners and losers in some cases. we've been here in the '80s and put the revenue first. said, hey, we'll agree to the spending cuts that come down the road and most never materialized. we had the deficit reduction in graham rudman. >> we know the rates we had under clinton we had the best economy of the past 50 years. we can go back to those rates. >> i want to talk about both of your parties. brad woodhouse, one thing we have learned is when barack obama is on the ballot, there is a coalition that helps democrats win a lot of elections. when he's not on the ballot, the one time that he was head of the party but not on the ballot, the party got shellacked. >> we were facing 10% unemployment. we had this debate over health care. one of the things we learned in this are the lessons that candidates a
to really put this economy on a stage that can really create some jobs and move it forward, the package has to be big and it has to be bipartisan. and if we do that, i think that the minute points of it, we can work around and we can negotiate. it's not going to be perfect by any stretch of the imagination, but we can work around and make it a package that will work for america. the bottom line, it's never going to happen as long as we're very, very partisan in this. now, the good news is, i think there's folks on both sides of the aisle that want to see a big package through and i think that that's going to happen because there's a new cue lus of people in the middle that want to see this happen and i think it will happen and be good for the country and future generations. >> you're speaking, of course, as a senator and there's been a lot of bipartisanship since the election from senators on both sides. >> oh, no. >> more than there had been. when you look at the house democrats and the house republicans, they seem as far apart as ever. does it concern you as a senator that this all may re
of the modern economy? >> it is available. we can do better with it. they are facts like completion rates for the gi bill education are not as high as they ought to be. we can structure some of those programs better so that individuals who start school have the support mechanisms to finish an associate's degree or bachelor's degree if that is their goal. we can do better at that. there are well-intentioned programs that are not quite efficient or effective to this point as i hope there will be in the future. >> the university of iowa offers in-state tuition for returning veterans. i said to the president -- what is the impact on the campus? she said -- beyond my ability to describe it -- we have 200 of them here. they lifted the entire campus. as someone who went to the university of iowa -- i could have used that kind of mentoring and leadership at one point. we do not have to go do that again. paul, we talked about that. [laughter] that is value added when these young men and women come back and enter an academic or training program of some kind. >> i could not agree more. at my alma ma
that his number one focus was jobs and the economy and also having a long-term plan to reduce the deficit in a balanced way and that means in addition to cuts you would also have revenue, revenue that you get by asking higher income earners to pay a little bit more to reduce the deficit and so the president was really clear in the campaign and i think it is really important that he take that discussion to the country now because he has said to the congress, the president said to the congress, just extend immediately all the middle class tax cuts and then we can decide what to do with folks at the higher end. again, it is important to understand the president has proposed that everybody get continued tax relief, existing tax rates, on the first $250,000 of family income, so he says let's extend that for everybody right now, but he believes we should ask higher income individuals to pay a little bit more. >> house majority leader eric cantor was on morning joe talking about the grover norquist tax pledge and whether he like other republicans would be willing to jump ship. here is his answer
. a change in the drug policy would have a massive impact on the economy and on crime in both north america and throughout south america, and would lead the way and open the path toward a more humane immigration policy and people in america accepting them. >> i think you're right. it's been interesting. as things have moved politically in terms of the war on drugs, we've also, of course, seen after this election potential movement on comprehensive immigration reform. republicans recognizing that they cannot continue down this path of losing latino voters by such a large margin. the president addressed at his recent press conference the possibility of immigration reform. let's take a listen. >> i think there's a pathway for legal status for those who are living in this country, are not engaged in a criminal activity, are here simply to work. it's important for them to pay back taxes and important to learn english and it's important for them to potentially pay a fine. but to give them the avenue whereby they can resolve their legal status here in this country is very important. >> now, one th
and invest in our economy. if they chose education over tax cuts for those at the top, they chose clean energy. so these are -- that's what this election was about. it makes a difference to actually run on something. >> let's talk about the inauguration, what's going to be obviously second term inaugurations are just smaller. they just are. that's just a fact. what's the attempt to make this second inaugural seem different? what will make it stand out? >> well, you know, the ro ses has just started. we're just three weeks from the election -- >> who is running? >> the same people that were involved last time will be involved this time. lots of discussions are taking place. it will be a smaller scale, but we're just about two months out. we have a lot of work it to do 0 but the president is very much looking forward to giving that speech. >> well, the construction is already apparent all over washington. stephanie cutter, nice to see you. >> nice to see you, chuck. >> we will be checking in again, thank you. >>> the real rawrangling is happening in the house. up next we'll talk to two me
and cataclysmic effect on the economy. what does immediately change is december you have the bush tax rates in effect. january, you have the clinton tax rates in effect. democrats are better off negotiating from the clinton rates and then they're saying, okay, look, here are the rates, we're going to bring this down, we're going to bring this down. we're going to leave these how they are. how would you like to vote for this? are you going to oppose this? and people didn't really vote for compromise necessarily this election. they overwhelmingly elected the president, they gave the senate to democrats, and they voted for more democrats in the house. now, just because they're gerrymandered and a tea party house doesn't reflect what voters said on election day. so, you know, and as obama keeps pointing out, more people support higher taxes on the rich than even supported obama himself. so the mandate here is clear. it's for higher taxes on the rich and it's not for messing around with entitlements right now. >> ryan grim, susan page, thanks. >> thanks. >> thank you. >>> and we are keeping our
president attend a meeting with business leaders to discuss the actions we need to keep our economy growing and find a balanced approach to reduce our deficit. all of those meetings, of course, aimed at building support for and putting congress on -- pressure on congress to act to pass the tax cuts for 98% of americans. jay carney with a briefing at 12:30 today. i'll be there and tell you about it tomorrow. back with victoria jones. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. [ ♪ theme ♪ ] >> bill: good morning friends and neighbors and welcome to the "full court press" this wednesday morning november 28 on current tv. good to see you this morning. we're booming out to you live all the way across this great land of ours from current tv, from our studio her
Search Results 0 to 32 of about 33 (some duplicates have been removed)